Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)

Schedule 5   Enhancing the integrity of the R&D Tax Incentive

Part 2   R&D clawback and catch up amounts

Income Tax Assessment Act 1997

31   At the end of subsection 355-525(2)


Note 1: A deduction under this subsection is not a notional deduction (see subsection 355-105(2)).

Note 2: A deduction under this subsection will result in a catch up amount for the partner (see section 355-467).